UNEMPLOYMENT IS DOWN FOR THE WRONG REASON
By: Derek Varsalona
Unemployment is down—that is a good thing. The only problem with that is that it is for the wrong reason. With any sense, we should still give credit to President Trump for lowering the unemployment rate.
The reason behind the unemployment rate being down is because people just quit looking for work altogether. That sure goes against the former North Carolina State coach Jimmy V saying, "Don't give up, Don't ever give up."
The economy has shed 23,000 jobs so far this year; that is not good. What makes it even more disturbing is that the unemployment rate is going to go higher until the holiday season, when people are hired, and then go back up after the New Year.
The economy is not on a good track, and President Trump is more concerned with his man-made problem in Iran than he is focused on the economy. As always, comments accepted.
| Unemployment is Down UpperMichigansource.com Saturday, August 8. 2026 |